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201 W State,
Albany, IN 47302

$89,900 MLS: 201710800

Small town Investment opportunity! Completely full and ready for an investor to make some money! One huge building on corner lot for sale. The Original part of this 2 story brick building built in 1920 offers a thriving Beauty and Nail Salon retail business downstairs with display windows facing downtown Albany. This space was remodeled in 2011. Shared Downstairs with the Salon is Apt. C. A remodeled 1 bedroom apt. with 1 bath, gas heat, Central Air and a washer/dryer hookup. Total space downstairs is approx. 1650 sq. ft. Upstairs Apt. B of the original building offers one huge open concept apartment on the entire 2nd floor. This unit has approx. 1650 sq. ft of living space with vaulted ceilings. 2 large bedrooms. A storage area or office space off the kitchen. 1 bath and all electric heat. This unit has long term renter. The original building also has a full basement for easy access to the systems. The Newer addition was built in 1993. This portion of the building offers a large Remodeled 4 bedroom upstairs apartment Apt. D with approx. 1370 sq. ft of living space. This unit has one bath, electric heat pump with central air and a washer/dryer hook up. Also included in this unit is a 2 car attached carport. Also a rented 584 sq. ft. storage space downstairs with Street access. All the units have had some remodeling and upgrades to the plumbing, water heaters, wiring and heating systems. Stove and Refrigerator stays with apartment units. This is a clean, well maintained building ready for the next owners.
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